TradeTheBit Forex Broker Review (2021) – SCAM

TradeTheBit Broker (https://TradeTheBit.com) is an unlicensed offshore CFD Broker reported by a customers as SCAM Broker.

TradeTheBit Broker Review – TradeTheBit.com is a SCAM. Do not trust this FOREX Broker!  

Throughout our review of the Forex Brokers TradeTheBit, we see that they’re providing buyers a primary internet primarily based CFD buying and selling platform similar to Globaltrading26.com, Iron-Bits.com, London-Gates.com, RichmondSuper.com, TopMarketCap.com, YorkCG.com, PrimeOT.com, CVMarkets.com, MarketsCG.com, Arrowteks.com, LimeBerg.com, DowCapitals.com, Thewealthcore.com , FXVC.EU, FXVC.COM, Aussietrust.com, InvestmentCenter.com,atmo360.com,carter-williams.com, bitteks.com, 365tradingfx.com, greentowerinv.com, tradethebit.com and others. This CFD buying and selling platform could be very primary, a simple to make use of for a beginner buyers. They don’t provide the choice of using MT4 or MetaTrader 5, they usually additionally don’t have cell buying and selling apps.

Belongings accessible for buying and selling consists of; Fashionable Foreign exchange pairs, Crypto Foreign money, Commodities and Shares.

This Forex Broker requires a minimal deposit of 250 Euro. There are 5 account varieties to select from primarily based on the dimensions of your deposit. The one distinction between the completely different accounts is the leverage charges, which go as excessive as 500:1. Utilizing excessive leverage, is one of the best ways to lose your cash quick! 

After we examined the spreads on the Bitcoin CFD, it was buying and selling at $31700, they usually had an enormous $210 unfold between the bid and the ask value. Leverage on Bitcoin was solely 10:1. Examine the massive Crypto CFD Forex Brokers, see right here.

 

 

Is TradeTheBit.com Legit?

No, TradeTheBitwill not be a licensed or regulated Forex Broker.  TradeTheBit not publishing their own address, which is another evidence to the SCAM. Their electronic mail deal with is: [email protected] Their official web site is at: https://TradeTheBit.com/.

The way we Review a TradeTheBit Forex Broker to resolve if they’re a scam or professional Forex Broker, is by checking for a licensed from ASIC or FCA. Respectable Forex Brokers will at all times have a license from both the FCA in United Kingdom or ASIC Australia.

Utilizing a regulated Forex Broker implies that if there’s a drawback, the federal government regulator will enable you get your a refund.

If you got scammed by TradeTheBit.com broker, please report about this to us – Report a Scam Forex Broker

DO NOT TRADE WITH THIS BROKER !

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COMMENTS

WORDPRESS: 6
  • comment-avatar
    kii876 10 months ago

    not good broker- scammer

  • comment-avatar
    Amireh 8 months ago

    Please stay away from all this crypto investment scam as much as possible. I have been trading with them for 7 months and I lost about $85,500.00 with them. The account manager assigned to me was constantly manipulating me and advising me to make bad trade choices so I lose money only for me to find out that my losses were beneficial to my account manager and the company. I still didn’t mind then until they finally closed my account and restricted me from withdrawals after I made a very huge deposit. It was really divesting and heartless losing all my fortune to this company during this trading period.

  • comment-avatar

    Trade the Bit is a SCAM!

    Anyone else that has been scammed by Trade the Bit please help me shut them down. Report Trade the Bit to all services they utilized in performing the scam such as ShakePay, AnyDesk, My Trading College, and file a whistleblower report here on TrustPilot. Next step is legal action and authorities. 

    In reporting Trade the Bit to ShakePay, their security and risk assessment team is performing an investigation. In doing so, I was notified that despite being the victim in this scam they are disabling my ShakePay account and will not let me create another with them in the future. Beware that not only will you lose your money to Trade The Bit you will also lose access to any payment platform such as ShakePay that the scammers associated themselves with.

    UPDATE 1

    Since posting this review, outing Trade the Bit, and filing a Whistleblower report as the fraudulent scam they are to both TrustPilot and ShakePay, Trade the Bit has now locked me out of my Trade the Bit account and stolen all of my money. They will not answer their support number, account managers will not answer the numbers or emails they provided.
    All positive reviews are fake and/or from people, they are scamming prior to the actual scam. BEWARE, do not give this so-called company a cent, you will never see it again.

    If you left a positive review here prior to them stealing your money, please update your initial review!

    Trade the Bit is a SCAM!

    This company is a scam! They are very nice in the beginning, professional scammers working to gain your trust. But you will get passed onto a different account manager every few weeks trying to get you to invest more. They will take your money and give you all positive signals and make you “money”. Then they will get you to give them a positive review here on Trust Pilot. Then they will show you’ve had losses and you need to invest more to pad your account so you don’t lose it all. They will call you weekly for a few months and then when you don’t put more money in they will cease all contact they will not call you, respond to emails, respond to complaints, or live chat. Their support is useless they say they will escalate your concern and have someone call you and they never do. Support tells you you can withdraw from your online account and when you do they will cancel the withdrawal request. Soon they’ll block you so you can no longer even call support. They will never give your money back. These people need to be taken down. 

    Senior Account Managers Scammers:
     
    Steven Adamczyk [email protected]
     
    Max Ward
     
    Peter (didn’t get last name or email)
     
    Elena Katz
     
    Mila Romanova
     
    Eric Baker
    Finance Department at Trade the Bit
     
    Adam Leventis (so-called Manager)

  • comment-avatar
    Russ Deptuch 4 months ago

    Their mothers & fathers must be so “proud of them…”
    Con Artists… Thieves… Swindlers… Scammers… Unlimited deception and fraudulent fronts… There’s a special place in “Hell” for people like this, this in a nutshell sums up my experience since the middle of October20121. On August 25th 2021 I wrote a glowing review on “Trusted”, this has been my experience with TradeTheBit. I opened my account in July of 2021. Everything was proceeding as advertised, I was receiving daily phone calls, the trades were all profitable, I was both hopeful and excited as to how my account balance was growing. As I only had a basic account, I was introduced to the Silver account. The benefits of a smaller spread, a dedicated account manager and more flexibility was very appealing to me as I was interested in trading on my own. Everything was progressing as anticipated; my trades were generally successful and any trades that were made with my account manager were always profitable. As my trades were generally successful, I inquired about the benefits of the Gold account. Needless to say, my account manager was all too willing to share the benefits of leveling up. It was after I opened a Silver account for my wife and I leveled up to a Gold account. Within a month her account balance increased 100% and my account quickly ballooned to $62,000.00. Time to start drawing some funds from the account to start paying down some loans. Here’s where everything goes sideways and cracks started to appear. I made 5 attempts to make a withdrawal, my first withdrawal for $500.00 was successful (this was done before I toped up my account to $10,000.00). My second and fifth attempts were cancelled internally by Trade The Bit, my third attempt I was talked out of and my fourth attempt I was told to cancel and resubmit my fifth request withdrawal request through her. On her recommendation I did. That was my last contact with an advisor. From October 1st to current I traded a handful of times (about 12) with our last contact on Nov 9th 2021. Since then, I have sent several emails to my last known advisor and customer support. I’ve called customer support almost every 2 – 3 days. I’ve filed complaint after complaint through their “contact us” option to no avail. Customer support is a complete joke, contact us is a joke, the only thing that is on par is their skill at portraying a legitimate business. After 9 weeks of trying to reach and account manager and countless failed attempts with customer service, it finally happened, on January 18th 2022, they locked us out of our accounts. We still have plenty of cash in our accounts so don’t let them say that our account balances were zero.

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    If I could give no stars, that would be the preference. Tradethebit is a total scam by absolute liars and con artists of the lowest morality on the planet. They will coerce you with kind words, finding out where your vulnerabilities are and then take advantage. My wife has stage four cancer and I take care of her. We are just retired, but with no pension and we hoped we could create an income with this group.

    We were gullible, I’ll admit that, and stuck with it for seven months. By then we had put all of our savings into it, and had built up the account to $249,000 USD. Then when I asked to withdraw $55,000 to pay for special medical care, the account manager Mila Romanova, said she wanted me to do this quick trade that would net at least $50,000. It was set up on anydesk and as soon as I touched the buy button…I lost $152,000 instantly.

    When I later tried to withdraw the $55,000, it was rejected four times with no contact. When I finally got someone to contact me weeks later, they said I had signed an agreement that I couldn’t withdraw any money until an account trading threshold was reached of 2.5 billion. The agreement clearly states that to withdraw their TRADING BONUS, which was $50,000 to my account, I needed to reach that threshold. It says nothing about withdrawing my OWN money. So I asked to cancel my account and withdraw the rest. They have never responded to many emails over the last two months. All the time you have wasted taking their calls…you were making money for them, because they never intended to ever allow you to withdraw anything.

    They have stolen $123,000 from me and they couldn’t care less how much suffering they have caused. Dylan Hill ,
    Nathan Green ,
    [email protected],
    Max Ward ,
    Mila Romanova ,
    [email protected]
    Each one conned us into investing more to get a higher account level…and it was all a total lie. These people need to be in prison and if there is any justice in the world, they will be at some point in the future.

    Yes we were gullible and somewhat desperate. We were trusting people, because we are honest people. There is no one honest at Trade The Bit. Their support line is worthless…it is just an answering service and can do nothing for you. They even began to laugh when I told them the details of the agreement does not bar me from removing my own money or cancelling the account.

    My hope is that others will not become victims as we have, after you read this. Also that when KARMA catches up with them…and it will…they will remember me and all the suffering they have caused to my wife and I, and thousands of others, and realize that in whatever form that KARMA takes in their life…they earned it, and they deserve it!

  • comment-avatar
    Lucy Madison 2 months ago

    Please everyone should be careful and stop being deceived by all these brokers and account managers, they scammed me over $50,000 of my investment capital, they kept on requesting for extra funds before a withdrawal request can be accepted and processed, in the end, I lost all my money. All efforts to reach out to their customer support desk had declined, I found it very hard to move on. God so kind I followed a broadcast that teaches on how scammed victims can recover their fund, I contacted the email provided for consultation, [email protected] and I got feedback after 48hours and I was asked to provide all legal details concerning my investment, I did exactly what they instructed me to do without delay, to my greatest surprise I was able to recover my money back including my profit which my capital generated. I said I will not hold this to myself but share it to the public so that all scammed victims can get their funds back. I expose this broker as much as I can, so I can help other victims or intending victims out there, kindly contact him and he will guild you on step how to recovery all your funds within 7 working day. Do not trust them! Beware of Scammers!!